BofA Upgrades Coinbase to Buy Amid Broader Market Moves
Originally Published 3 days ago — by CNBC
Invesco supports a fixed income investment strategy as investors seek non-U.S. safe havens amid global market uncertainties.
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Invesco's QQQ Outreach Persists Amid Consent Challenges
Originally Published 27 days ago — by Financial Times
Invesco plans to continue its outreach efforts regarding QQQ until it receives sufficient investor consent, highlighting ongoing engagement to secure support for its initiatives.
"Walgreens Dividend Cut Amidst Dow Challenges and Bitcoin ETF Speculations"
Originally Published 2 years ago — by Barron's
The Securities and Exchange Commission (SEC) may approve the first Bitcoin exchange-traded funds (ETFs) soon, with financial giants like Fidelity and Invesco indicating through early filings that these ETFs may not yield high profits immediately. Fee wars are emerging as firms prepare for the launch of these cryptocurrency investment products.
"Anticipation of Bitcoin ETFs Sparks Market Surge as Analysts Predict Institutional Investment Growth"
Originally Published 2 years ago — by Barron's
The imminent launch of the first Bitcoin exchange-traded funds (ETFs) is sparking a fee competition among major investment firms, including Fidelity Investments and Invesco. As these financial products are set to debut as early as next week, the firms are already positioning themselves in the market by adjusting their fee structures to attract investors.
Bitcoin ETF Filings Face SEC Scrutiny and Amendments
Originally Published 2 years ago — by CryptoPotato
Fidelity, VanEck, Invesco, and other financial giants have made amendments to their filings for Bitcoin Spot ETFs following a warning from the US Securities and Exchange Commission (SEC) that recent filings were "inadequate." The SEC has previously rejected Spot Bitcoin ETF applications due to concerns about investor protection from market manipulation. The amended filings now include Coinbase as the custodian of the funds and provider of market surveillance. However, the SEC has its own legal issues with Coinbase, as it has sued the exchange for selling unregistered securities.
Financial Giants Compete for Bitcoin ETF Approval
Originally Published 2 years ago — by CoinDesk
BlackRock, Invesco, and WisdomTree have reapplied for approval to offer a spot bitcoin ETF, indicating that financial institutions are interested in making money by offering customers exposure to crypto. The path of least resistance for crypto exposure is through a spot bitcoin ETF since the SEC has rejected about a dozen applications so far. BlackRock will only make money on this ETF if approved, and it is expected that other BlackRock-sponsored crypto products will follow if the spot ETF is approved.
BlackRock's Potential Involvement Sends Bitcoin Soaring.
Originally Published 2 years ago — by Yahoo Finance
Bitcoin has surged over 20% since BlackRock filed for a US spot Bitcoin ETF, leading to a rush of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application. BlackRock's filing is being taken as a sign that the SEC might finally give the green light to a physically-backed Bitcoin ETF, a structure the regulator has repeatedly rejected. The rush of applications comes in the wake of BlackRock's bid to launch the iShares Bitcoin Trust, which landed with US regulators last week.
"More Firms Join Push for Bitcoin ETF Approval"
Originally Published 2 years ago — by Barron's
Invesco and WisdomTree are the latest asset managers to join the push for a Bitcoin ETF, which would allow investors to gain exposure to the cryptocurrency through a regulated exchange-traded fund. The industry has been pursuing a Bitcoin ETF for years, but regulatory hurdles have prevented its launch. However, recent comments from SEC officials suggest that a Bitcoin ETF may finally be approved in the near future.
Bitcoin's Rally Continues as Traditional Finance Embraces Crypto.
Originally Published 2 years ago — by CoinDesk
Bitcoin rallied 8% to $28,800 after traditional finance firms announced moves into the crypto market, including Deutsche Bank applying for a digital asset custody license in Germany and EDX Markets offering trading for BTC, ETH, LTC, and BCH. BlackRock filed for a spot BTC ETF, causing Grayscale Bitcoin Trust's share price to soar on optimism about converting the fund into an ETF. Invesco reapplied for a spot bitcoin ETF, arguing that the lack of one pushes investors toward riskier alternatives. The CME basis or premium has jumped to a yearly high of 12%, indicating bullish action on the global derivatives giant.
Institutional Players Apply for Bitcoin ETFs, Fueling Rally.
Originally Published 2 years ago — by Decrypt
WisdomTree and Invesco have filed for spot Bitcoin exchange-traded funds (ETFs) in the US, following BlackRock's similar application last week. The ETFs aim to provide investors with exposure to the price movements of Bitcoin without requiring them to directly own and store the underlying asset. The SEC has repeatedly denied or postponed decisions on a physical Bitcoin ETF, raising concerns over the cryptocurrency's volatility and risk of market manipulation.
Crypto Investment Products Surge with New Bitcoin ETF Filings and Market Launches
Originally Published 2 years ago — by CoinDesk
Invesco has reapplied for a spot bitcoin ETF, arguing that the lack of such a product pushes investors towards riskier alternatives. The investment management company emphasized the need for investor protection and a surveillance-sharing agreement with a significant, regulated market to reduce the potential for market manipulation. BlackRock has also advocated for the same thing, suggesting Nasdaq could fill this role. The SEC has not given any indication as to when it plans to make an announcement regarding a bitcoin ETF.
Credit Suisse CoCo bond losses hit Pimco and Invesco hard.
Originally Published 2 years ago — by MarketWatch
Pimco and Invesco are among the largest AT1 bondholders in Credit Suisse, with over $1.1 billion of investment in the risky bonds written down to zero by Swiss regulator Finma as part of the merger with UBS. The news shocked investors of the $275 billion AT1 bond market, triggering a sell-off in other European bank debt. AT1 bondholders are preparing to fight back on Finma’s move.